Bitcoin Price Evolution Analysis 15.12.2020
by CSM TRADER
nº253
Price of BTC / USD U $ 19,182.
Price of BTC / BRL in Braziliex R $ 98,000.
Price USD / BRL R $ 5.11.
Price EUR / BRL R $ 6.22.
Gold Price 1g R $ 296.78.
Good morning to all readers.
Bitcoin price is still on an upward trend, as long as it is above the $ 19,150 and $ 19,000 price range and above the bottom line of BB (Bollinger Bands).
Bitcoin's price a few past sessions has even tested the $ 19,571 price range, and is now in a downward correction below this price range.
Now at the time of writing the price of Bitcoin is being traded in the price range of $ 19,177.
It will be necessary for the Bitcoin price to continue with positive advances and be above the price areas of $ 19,080 and $ 19,000 for the next sessions.
If the Bitcoin price returns to positive developments above the $ 19,240 and $ 19,360 price range, the probabilities of a return from attempts to exceed the $ 19,580 price range may arise and thus advances above the price areas of the $ 19,640 and $ 19,700 may occur.
The price of Bitcoin is expected to continue consolidations and positive advances above the EMA 100 (H1) in order not to have the negative corrections below it.
Only a well-consolidated advance above U $ 19,620 and U $ 19,800 can go in search of U $ 20,000.
Below the U $ 19,080 and U $ 19,000 price areas, the Bitcoin price may lose buying power and continue negative corrections below the U $ 18,880 price area and may still extend these disadvantages below the U $ price area. $ 18,760.
We still have on the negative side where the Bitcoin price has a CME GAP that needs to be closed, between the price areas of U $ 18,400 and U $ 18,600; but on the other hand, a return to these price areas may even be healthy for good consolidations to take place in these price areas, and with that the Bitcoin price may return with more buying forces above $ 19,200.
A good close of the daily was made above the price range of U $ 19,270.
For today, a good daily close would be above U $ 19,380, but closing the daily above U $ 19,000 will be very important for the continuation of positive advances and consolidations above it.
Bitcoin TODAY on Braziliex: H1
Bitcoin price today on Braziliex follows an upward trend above the price range of R $ 97,600.
The price of Bitcoin today Braziliex, needs to give continuity to consolidations and positive developments above the price areas of R $ 97,200 and R $ 98,000 for possible advances above the price area of R $ 99,600 and thus a first test above the area price of R $ 100,000 may occur.
It will be important that the price of Bitcoin on Braziliex stays above the price range of R $ 97,000 or above the Ichimoku Cloud, so as not to start entering negative corrections below them.
Below the R $ 96,600 price range, the probabilities of a return below R $ 95,600 may occur and extend to the R $ 95,000 price range, where below this price area the disadvantages may be much greater.
Buyers on Braziliex remain in control of the situation above the price range of R $ 97,000 and need to keep Bitcoin's price on Braziliex above this price area.
It will be extremely important for buyers on Braziliex to maintain consolidations and developments above R $ 97,000 to continue positive advances above R $ 98,000 and R $ 99,000.
On the other hand, if buyers go into exhaustion due to attempts to exceed the price range of R $ 99,400 or R $ 100,000, sellers will be able to take control of the situation.
With sellers in control of the situation with the Bitcoin price on Braziliex, they can create disadvantages that can go back to the price range of R $ 97,400 and still extend below R $ 96,700, where buyers will have to try to stop sellers above the price area of R $ 97,000 for these disadvantages do not extend below the price areas of R $ 96,700 and R $ 96,200.
It follows buyers in an attempt to evolve above the price range of R $ 98,000.
Resistances: R $ 98,524 // R $ 99,019 // R $ 99,711 // R $ 100,293.
Support: R $ 97,967 // R $ 97,277 // R $ 96,555 // R $ 95,834.
https://www.tradingview.com/x/3LGDBTII
Graph: H4
Bitcoin's price remains above the EMAs 100, 50 and 20 and above the Ichimoku Cloud; but below EMA 5 and below VWAP.
An advance above EMA 5 will be important for the Bitcoin price for possible advances above the $ 18,260 price range.
Buyers are following good developments above the price range of U $ 19,160 and with that the developments are moving above U $ 19,200 where these advances above it will be extremely important for more positive advances and the return of attempts to overcome the price range of $ 19,320 and go over the Ichimoku Cloud.
It is also important for buyers to keep the Bitcoin price above the price range of $ 19,160 and $ 19,080 for the next sessions, so as not to fall into disadvantages caused by sellers and may extend below $ 19,000.
It follows buyers above the $ 19,200 price range.
The chart on H4 will follow the whole week to have a parameter of Bitcoin price evolution. Only resistance and support adjustments will be made.
Resistances: U $ 19,311 // U $ 19,488 // U $ 19,670 // U $ 19,812.
Support: U $ 19,134 // U $ 18,972 // U $ 18,797 // U $ 18,562.
https://www.tradingview.com/x/UQzQUNHX/
Graph: H1
The price of Bitcoin remains above the EMAs and the Ichimoku Cloud, but still below the VWAP where an advance above it would be very important to continue the consolidations and appositive advances above the price area of $ 19,280 and follow above $ 19,320.
It will be necessary for the Bitcoin price to stay above the $ 19,160 price area for the next sessions, so as not to be put at risk below the $ 19,100 and $ 19,080 price area.
We have made good progress and consolidations above the price range of U $ 19,200 and U $ 19,260 for the developments to continue positive advances above the Ichimoku Cloud.
Buyers continue to do a good job now at the time of writing, evolving the price of Bitcoin above the price range of $ 19,280 and $ 19,300.
It will be of utmost importance for buyers to now keep the Bitcoin price above the $ 19,200 price range so that sellers are unable to create disadvantages below it and may extend below $ 19,080.
It follows buyers with advances above the price range of $ 19,320 and need to continue this positive progress above $ 19,400.
Resistances: U $ 19,354 // U $ 19,475 // U $ 19,569 // U $ 19,687
Support: U $ 19,232 // U $ 19,112 // U $ 18,997 // U $ 18,842.
https://www.tradingview.com/x/bRJ2QDuY/
Technical indicators: H1
RSI: The RSI at the BTC H1 chart time is at level 20 and has a bullish bias.
https://www.tradingview.com/x/HBMlqth4/
MACD: The MACD at the BTC chart time is at level 14 with a bullish bias.
https://www.tradingview.com/x/V4S5GDmr/
OBV: The OBV at the BTC graphical time H1 is at level 186 and stabilized.
https://www.tradingview.com/x/FJoh0zdP/
Graph: M5
The price of Bitcoin follows above the central line of BB (Bollinger bands) (red line) and above the Ichimoku Cloud, but it is still in the “fight” to stay above the VWAP which would be very important for the continuation of positive advances in the short term.
Buyers need for the next sessions to continue positive advances and consolidations above the $ 19,200 and $ 19,220 price areas.
Resistances: U $ 19,311 // U $ 19,350 // U $ 19,380 // U $ 19,412.
Support: U $ 19,278 // U $ 19,238 // U $ 19,214 // U $ 19,182.
https://www.tradingview.com/x/4UxWEJGE/
BTC dominance 63.41%
Bitcoin is a notable cryptographic achievement. The ability to create something that is not duplicable in the digital world has enormous value. “----- Eric Schimidt
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nº253
